Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications). Abu Dhabi Investment Authority (ADIA)’s real estate team stated that it will continue to seek out opportunities in Latin America. While some investors inquired about getting fee discounts or special access to co-investments, "ADIA didn't ask for any special arrangements," Ressler says. ADIA hired a consultant who found, after several months, that many endowments used index funds for as much as 80% of their investments. Al-Hajeri convinced Koski to head up ADIA's own group to buy up roads, ports, and bridges by promising him the freedom to run his own show. This gives our investors access to a carefully selected portfolio that is well diversified across regions, industries, company sizes and financial sponsors. They are appointed by Emiri decree.
Ardian Co-Investment has a team split between Paris, London and New York to address the European and North American markets. Managing Director Forty eight hours later, the investment arm of the richest Gulf emirate, wired $7.5 billion to a Citigroup account.The move stunned many of Wall Street's savviest dealmakers, but it was just another day for the Masters of the Oil Universe, who control an estimated $875 billion portfolio. These mega investors can afford to take a long term view. Several years ago, ADIA warned one London-listed company meant to be investing in Europe that it had three days to get out of its core listing, which ADIA had discovered was South African. They're spending billions on a range of hugely ambitious undertakings, including Middle Eastern offshoots of the Louvre and Guggenheim museums, a New York University campus, and an outpost of the Cleveland Clinic.Abu Dhabi wants to be among the world's most attractive destinations, and ADIA's Sheikh Ahmed is pushing the giant fund to be best in class as well. That resulted in a savvy call in 1993, when its investment team determined that Japan's 40% share of the global stock markets didn't match the growth prospects of Japan's economy. "More recently, Al Nahyan, who hates to be called "Your Highness" as is customary, and who worked for ADIA as a European equities analyst side-by-side with colleagues on an open floor for six years before he took charge, has encouraged his people to weed out money managers who can't cut it. "When people ask what keeps you awake at night, it is trying to avoid investing massively in another Japan in 1990," says ADIA's Villain, a Frenchman.
"We do have those types of unsolicited advisors. "People view having an investment from ADIA as one of the top names in the Middle East and one of the region's most sophisticated investors," says Monte Brem, CEO of StepStone Group, a consulting firm in La Jolla, Calif. that advises Middle Eastern funds, including the Kuwait Investment Authority.ADIA traces its investment roots to the 1960s, when it was a mere government investment board run by a British colonial officer and a local advisor to the Abu Dhabi royal family.
"Everything gets checked and double checked. By comparison, the Kuwait Investment Authority relies largely on domestic civil service workers.And while newer and flashier funds in Dubai and Qatar focus narrowly on high-stakes plays in stocks and buyouts, ADIA has a keen eye toward asset allocation, not unlike big endowments at Yale and Harvard University. Member of the Executive Committee and Co-Head of Ardian US And though the fund has long been regarded among the most savvy in the region, it's trying now to compete on a global stage and that means luring the crème of the world's investment management talent to what has until very recently seemed a remote and sterile place. Shortly before Al Nahyan, now 39, took charge in 1997, the fund dramatically overhauled its investment guidelines so that it would allocate its investments in line with global economic growth.
Since 1976, the Abu Dhabi Investment Authority (ADIA) has been prudently investing funds on behalf of the Government of Abu Dhabi, with a focus on long-term value creation. Echoes Goldman' Blankfein, who visited in April: "They're as rigorous in their analysis of potential deals as I would expect our people to be. Co-Investment
Through 2007, the team conducted an extensive study of its own money managers and others in the industry, and eventually concluded that few firms that invest in developed markets like the U.S. and Europe consistently outperform their benchmarks over the long haul.With the findings in hand, ADIA has increased the amount of the portfolio that is indexed from 45% to 60% in the last six months.
It has also halved the number of hedge funds in its portfolio.